Friday, January 14, 2011

Federal Reserve Planning to CHANGE LAWS of TILA - TO STOP FORECLOSURE LAWSUITS AGAINST BANKS! M.F.s!

The Federal Reserve plans on making changes to the TILA (Truth in Lending Act) laws, where homeowners will find it impossible to sue Banks and prevent Foreclosures! This is despite the outcry from consumer groups and even the Senate Finance Committee!

What else did we expect from the M.F.s!?

I would like to know, WHY the govt. - our elected officials even gave control over the banks and the people and their rights to a NON GOVERNMENT Entity - Which is what the Federal Reserve is! THE FEDERAL RESERVE IS A PRIVATE BANK - NOT A GOVERNMENT ENTITY OF THE UNITED STATES!

First you need to understand that, to understand why they could not give a flying F**k about the people! So, why would our elected officials who are suppose to watch out over you and me, give them the control over our rights against the banks?!

When will this stop?!

If there was ever a call to action - IT IS NOW!

WE CAN NOT HAVE OUR RIGHTS AS U.S. CITIZENS AND OUR LAWS GIVING US OUR RIGHTS BE TRAMPLED AND OVER TURNED BY THE FEDERAL RESERVE - A PRIVATE BANK!




The Federal Reserve plans on making sure, if anyone wants to sue a bank for FRAUD they have to pay IN FULL the mortgage amount before they can sue! WTF?????!!!!!! In other words - if you don't have the full amount of money for your mortgage you CAN NOT SUE! How the F**K are our elected officials allowing this?!

Oh, The Federal Reserve says it is hurting the economy, by people suing the banks! What a F**king Unbelievable statement - in other words the banks can commit FRAUD all they want on people!

You do realize after this takes affect - The Banks will screw EVERYONE left and right - they will not have to be accountable to any loans or Fraud they commit EVER!

Portion of article:

The Federal Reserve is moving ahead with plans to change the right-of-rescission rule as part of the Truth in Lending Act (TILA) despite intense outcry from consumer advocates, civil rights groups, and top members of the Senate Banking Committee.

Revised TILA will require borrowers to repay a mortgage in full before a loan is rescinded. Consumer groups say the measure is designed to prevent homeowners from using the right-of-rescission protection as a defense against improper foreclosure.
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The Fed’s proposal is designed to ward off frivolous lawsuits that will delay foreclosures and have an adverse impact on economic recovery by ensuring “a clearer and more equitable process for resolving rescission claims” that closely mirrors present court requirements. The central bank wants to lift what it views as undue compliance burdens and litigation risk for creditors.
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The Truth in Lending Act was passed in 1968, giving homeowners the right to rescind, or cancel illegal loans for up to three years after closing the transaction when borrowers are not provided with requisite disclosures at settlement.
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Foreclosure attorneys have used the rescission clause to help homeowners in numerous cases involving predatory lending where faulty and fraudulent disclosures were key pieces of evidence.

It is when I am seeing red - I use foul language and right now - I am seeing red more than ever! If there was ever a moment in time, where it is proven the banks have control over our government and our lives and it is being shown they are bankrupting all Americans, it is now!

Considering the Federal Reserve will continue to dump money in the laps of banks and the bankers walk away with billions in bonuses every year, but as of yesterday the Federal Reserve has said it will NOT HELP States in bailing them out. What does that mean? States may have to stop paying people their pensions! So in other words the Federal Reserve will NOT HELP you and me in any way shape or form!

THIS IS WHAT WE GET FOR ALLOWING CORRUPTION AND NOT PAYING ATTENTION TO WASHINGTON OFFICIALS FOR DECADES! WE GET THIS FOR LETTING THEM LIE TO US OVER AND OVER AGAIN AND BELIEVING THEM AND THE MEDIA! We will have NO protection from the banks in any way come July 11th 2011!


What Really Happened inserted this video in regards to this article! I am now inserting it here! Thanks Michael for bringing this video out and to our attention!



I feel we HAVE TO DO SOMETHING! Even though our elected officials have not paid attention to our voices before! WE HAVE TO CALL THEM AND LET THEM KNOW OUR OUTRAGE AT THIS! THEY HAVE TO STOP THE FEDERAL RESERVE FROM TAKING OUR RIGHTS OF SUING THE BANKS DUE TO FRAUD! Every time I think, nothing else will shock me about what outrageous things are going on...... I get shocked over and over again on how our government is allowing Private industry and banks to rule the people and laws!

EDIT - HERE IS RON PAUL'S D.C. PHONE NUMBER: 202-225-2831 begin_of_the_skype_highlighting 202-225-2831 end_of_the_skype_highlighting

WE ALL NEED TO CALL IT AND CALL YOUR LOCAL CONGRESS AND SENATOR
LINK TO FIND YOUR ELECTED OFFICIALS NUMBER:



LET THEM KNOW THIS IS UNACCEPTABLE FOR THE FEDERAL RESERVE TO CHANGE THE RIGHTS AND LAWS OF THE AMERICAN PEOPLE! WE DID NOT VOTE FOR THE FED - THE FEDERAL RESERVE IS A PRIVATE COMPANY/BANK - THAT IS NOT OWNED BY AMERICANS, BUT BY FOREIGNERS! THEY HAVE NO RIGHT TO TAKE AWAY LAWS PLACED TO PROTECT THE AMERICAN PEOPLE AGAINST THE FRAUD OF BANKERS!

ANOTHER EDIT - I called Ron Paul's office, the woman who answered said "Ron Paul, is aware of the TILA changes by the Federal Reserve". I asked what is he doing about it? She transferred me to a voice mail to leave a message to speak to someone about it. I left a message basically saying exactly what is above! IT IS UNACCEPTABLE A PRIVATE BANK CAN CHANGE THE LAWS AND RIGHTS FOR THE AMERICAN PEOPLE! OUR ELECTED OFFICIALS HAVE TO STOP IT! I said, I have a blog and posted this phone number for everyone to call and I will look forward to putting what Ron Paul is doing about this situation! If I hear anything back, I will immediately post it!


Another Edit - I have called my elected officials and let them know they can not allow a private bank to change our laws and rights. The people who answer say "they will pass my concern along"! Guess I won't be holding my breath about it!




We can not allow our sovereignty to be completely handed over to a foreign entity! It can not be allowed! We must stand up against this! We need to hold our elected officials accountable to giving our rights and laws away to a bank in full public view! We are no longer a sovereign nation upon allowing the Federal Reserve to control our laws and rights! This was not the left or right who did it, it was ALL of them who did it! They are ALL under control of the banks and corporations including foreign ones! We are no longer a nation of "For the People and By the People"! Only if we stand up and raise our voices so loud that they can not be ignored, will we get our rights and government back!
IMPEACH ALL OF THEM IN WASHINGTON D.C.!!

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